Fair price for '01??
08-28-07, 06:10 AM
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Fair price for '01??
I'm looking at a white '01 with Ultra Luxury and only 20,000 miles. Dealer is asking 30k. Is that a fair price? They will throw in a 2007 nav DVD.
08-28-07, 07:50 AM
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The salesman told me the owner is in his 80's and traded it for a new hybrid suv. They also have an '05 in Black Cherry color with 40,000 miles that is "Lexus Certified" but with Modern Luxury group, not UL, for $44k. I'm not sure which to get. Any thoughts on that?
08-28-07, 05:48 PM
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Clean carfax, I assume? Not that it means it's never had any body repair, but still. If it is Certified pre-owned, I'd probably jump on it. Call me a skeptic, but 30k seems pretty low (especially prior to negotiation).
08-29-07, 05:53 AM
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Be careful with completely trusting carfax since a lot of owners & dealers knows not to report some accidents to their insurance to prevent carfax picking it up. A friend of mine purchased a 04 LS430 with 49k miles for what seem to be a deal at only $29,000.00. He ran a carfax report and there was no accidents reported. He later asked me to help him replace a brake light when I discovered it had been in a serious rear end accident; I then inspected the front end and saw evidence of patch work, a new headlight from a junkyard, to include welding spark burns on both the rear and front windshield. I have since suggested that he take it to a different dealer for further inspection to determine if all his airbags are in place, as I suspect the dealer from which he purchased it know it was in an accident which explains the price.
Last edited by awtrott; 08-29-07 at 06:09 AM.
08-29-07, 07:14 AM
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08-29-07, 06:29 PM
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Exactly. The 100K mile warranty (and the alleged 1 billion point Lexus inspection or whatever) is what persuaded me to buy the vehicle. I figured they also wouldn't be eager to CPO/Warranty a car that had been smashed up... but then again.
It was either the used LS430 or a new IS350. Believe it or not, I feel like I made the best decision
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